Currently, the federal tax on every gallon of gas sold is 18.4 cents...
...but the Government Accountability Office is once again floating the Obama administration balloon of raising the federal tax to 46 cents/gallon to finance national highway infrastructure maintenance and improvements.
"Just keeping spending at current levels, the GAO said, would require a near doubling of the gas tax to 32 cents a gallon, and that would jump to as high as 46 cents should the federal government add spending to fix crumbling infrastructure and build new roads."
At the current 18.4 cents/gallon, the "average driver pays about $96 a year in federal gas taxes, said the GAO. Should the administration seek to raise the highway trust fund from $34 billion to the $78 billion needed to fix and maintain roads, that could rise to $248. Translated into a pay-per-mile plan, drivers would face a tax of 2.2 cents per mile compared to the 0.9 cents they pay now. Trucks would pay far more."
http://washingtonexaminer.com/new-p...axes-250-percent/article/2518504#.UPRbEqU1lhQ
The old sales trick is to start high and then negotiate lower...
...if you have to.
So...
...a 250% increase is the starting point.
Which makes this fool feel very wise...
...since I've not purchased a drop of gas for personal use in more than 10 years of weaning now.
...but the Government Accountability Office is once again floating the Obama administration balloon of raising the federal tax to 46 cents/gallon to finance national highway infrastructure maintenance and improvements.
"Just keeping spending at current levels, the GAO said, would require a near doubling of the gas tax to 32 cents a gallon, and that would jump to as high as 46 cents should the federal government add spending to fix crumbling infrastructure and build new roads."
At the current 18.4 cents/gallon, the "average driver pays about $96 a year in federal gas taxes, said the GAO. Should the administration seek to raise the highway trust fund from $34 billion to the $78 billion needed to fix and maintain roads, that could rise to $248. Translated into a pay-per-mile plan, drivers would face a tax of 2.2 cents per mile compared to the 0.9 cents they pay now. Trucks would pay far more."
http://washingtonexaminer.com/new-p...axes-250-percent/article/2518504#.UPRbEqU1lhQ
The old sales trick is to start high and then negotiate lower...
...if you have to.
So...
...a 250% increase is the starting point.
Which makes this fool feel very wise...
...since I've not purchased a drop of gas for personal use in more than 10 years of weaning now.